Latest VietinBank interest rate fluctuations, deposit 500 million to receive unexpectedly high interest

Full set of latest VietinBank interest rates for July

As noted by Lao Dong, Vietnam Joint Stock Commercial Bank for Industry and Trade currently lists interest rates ranging from 2.0-5.0%/year after the recent interest rate increase.

The savings deposit interest rate schedule currently listed by VietinBank is as follows:

The 1-month term deposit interest rate is 2.0%/year.

The 3-month term deposit interest rate is 2.3%/year.

The interest rate for 6-9 month term deposits is 3.3%/year.

The 12-month term deposit interest rate is 4.7%/year.

24-36 month term deposit interest rate is 5.0%/year.

In the Big4 banking group including BIDV, Vietcombank, VietinBank, Agribank, VietinBank currently holds the most preferential interest rate compared to the remaining banks, followed by BIDV interest rate.

Accordingly, BIDV interest rates currently fluctuate in the range of 1.7-4.8%/year, Vietcombank's interest rates currently fluctuate in the range of 1.6-4.7%/year, Agribank's interest rates fluctuate in the range of 1.6-4.7%/year. 4.7%/year, VietinBank interest rate ranges from 2.0-5.0%/year.

Although Agribank and Vietcombank interest rates fluctuate in a similar range. However, Agribank's interest rate is 0.1 percentage point higher than Vietcombank's for 6-month, 9-month and 12-month terms.

How much interest do you get when depositing 500 million at VietinBank?

Readers can quickly calculate bank deposit interest through the following formula:

Thus, by depositing 500 million at VietinBank, customers can receive the highest interest rate as follows (applies to individual customers):

1 month term: 833,333 VND.

3 month term: 2,875,000 VND.

6 month term: 8,250,000 VND.

9 month term: 12,375,000 VND.

12 month term: 23,500,000 VND.

36 month term: 75,000,000 VND.